Oil marketing companies, paint makers, aviation stocks tumble as crude oil prices jump
India, July 9 -- Shares of oil marketing companies, paint manufacturers and aviation firms ended lower on Wednesday following a sharp surge in crude oil prices amid fresh tensions between the US and Iran.
The stock of Hindustan Petroleum Corporation Ltd tumbled 4.60 per cent, Indian Oil Corporation dropped 3.51 per cent and Bharat Petroleum Corporation Ltd declined 3.20 per cent on BSE.
Among aviation firms, shares of InterGlobe Aviation tumbled 5.02 per cent and SpiceJet declined 3.04 per cent.
The stock of Shalimar Paints dropped 4.44 per cent, Indigo Paints fell by 4.18 per cent, Asian Paints edged lower by 2.49 per cent, Berger Paints dipped 2.26 per cent and Kansai Nerolac Paints slipped 1.95 per cent.
Crude oil is a key raw mate...
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